Senior Associate, ACH Specialist

Community Federal Savings Bank•New York, NY

6d•Hybrid

About The Position

Community Federal Savings Bank (CFSB) is a full-service payments, lending and banking provider that delivers global financial services through a personal approach. CFSB offers a full range of banking services including ACH settlement services, pre-paid card issuance, and retail banking. In addition to serving our general customer base, we also service various types of money service businesses and FinTech companies. The Senior Associate, ACH Specialist is responsible for ensuring that all ACH processing is done in accordance with NACHA regulations and guidance and adhering to all requirements. This is a hybrid position that requires 2 days in office at our Headquarters located in New York City.

Requirements

excellent verbal and written communication skills.
Knowledge of policies, procedures and updated regulatory requirements.
Self-motivated with the ability to work independently as well as in a team environment.
Ability to handle multiple tasks simultaneously and meet deadlines, while maintaining focus in an environment with conflicting demands and priorities.
excellent PC skills including Outlook, Word, Excel, and Office 365.
Strong understanding of ACH and Merchant processing settlement functions.
Strong experience in Bank Operations.
Strong knowledge of Banking Regulations.
Strong knowledge of NACHA rules.

Nice To Haves

AAP certification is a plus.

Responsibilities

Specialize in ACH Processing, understanding NACHA Rules and working with Third Party Senders, as well as all Originators to ensure the completion of annual audits.
Ensure compliance with all regulatory requirements related to ACH/NACHA as well as Federal.
Train and advise ACH staff as well as customers on all ACH rules and requirements.
Recognize and identify ACH compliance issues and notifies management when problems occur.
Participate with the coordination of system upgrade testing, expansion of services, data conversions and business continuity testing.
Prepare management reports on statistical information on ACH transaction volumes, dollar amount and returns.
Coordinate with internal auditors as required for periodic examinations.
Develop and maintain policies, procedures, and controls for the ACH Operations Department.
Work with the Compliance Department to ensure compliance with all banking regulatory requirements, perform self-assessments, reviewing disclosures and agreements, interface with auditors and regulators.
Liaison with Bank’s ACH processors/ service providers and support ACH customers.
Performs periodic self-audits to ensure compliance with internal, external procedures and regulatory requirements.
Ensure that all activities are performed in compliance with industry, federal, state and Bank Secrecy Act regulatory requirements.
Respond to NACHA communications as needed.